The US Capitol illuminated at dusk 31 December 2012
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Fiscal cliff: White House 'deal made with Republicans'

1 January 2013 Last updated at 04:12 GMT

The US will miss a midnight deadline and head over the "fiscal cliff", despite reports the White House has reached a deal with Republicans.

Vice-President Joe Biden was heading to the Senate on to brief Democrats after Republicans backed a plan to avert tax rises and spending cuts.

The Senate is expected to vote late on Monday night, with the House to consider a bill after the deadline.

Steve Kingstone reports.